Carney defends paying greater than half 1,000,000 a 12 months to CEO appointees

Prime Minister Mark Carney is defending his resolution to pay the CEOs of two new authorities workplaces greater annual salaries than his personal ministers.

Douglas Guzman, head of a brand new protection procurement workplace, and Daybreak Farrell, head of the brand new Workplace of Main Tasks, will every earn greater than $577,000 a 12 months — not counting efficiency pay.

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Carney mentioned his obligations are huge and embody issues like making vital choices about navy acquisitions and reviewing industrial improvement initiatives price “tens and tens of billions of {dollars} of financial exercise.”

In a social media submit this week, Conservative Chief Pierre Poilievre criticized Guzman’s appointment by Carney, who beforehand labored in senior roles on the Royal Financial institution of Canada and Goldman Sachs.

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Poilievre mentioned Carney is increasing the forms and giving new appointees “big taxpayer-funded paychecks.”

However Carney mentioned he wants the perfect individuals to meet vital mandates, including that he believes their salaries within the non-public sector had been “considerably greater”.